The Nigeria Deposit Insurance Corporation (NDIC) says account name discrepancies in Bank Verification Number (BVN) linked alternate accounts of some defunct Heritage Bank customers are delaying the payment of their insured deposits. Bello Hassan, the managing director of NDIC, told the News Agency of Nigeria (NAN) on Sunday in Abuja. Mr Hassan said the corporation … Read more
Following the revocation of Heritage Bank’s operating licence by the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) has outlined the steps it will take to ensure depositors receive their funds. The corporation assured depositors that they will be paid up to N5 million using their Bank Verification Number (BVN) to identify … Read more
The Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage levels for all licensed deposit-taking financial institutions with immediate effect. The NDIC Managing Director, Bello Hassan, disclosed this Thursday at a press conference. He noted that the NDIC’s Interim Management Committee (IMC) approved the adjustments during its 18th meeting on 24 and … Read more
